3-34 Scalping Method 15

[greencat]

Here is a nice scalping method that makes green. Note that all of them are not going to be huge winners and a few will be a loss. Cutting your loss in a hurry will make this system very profitable.

Trading in the direction of the trade is a sure fire way to beat the forex. If there is not a cross and the 3 starts back up that can be green in the account as well.

I play counter trades but I am only looking for 10 to 30 pips. I use the 15 minute chart because it has less whipsaws. The arrows are close to the cross. I did miss a few points but I think this system is easy.Try it you may like it...

This is a real simple system that works. I hope you enjoy.



For a larger chart click link below.
http://farm4.static.flickr.com/3438/...e4fd5510_o.gif

[Hampton]

what are the disadvantages of 15 min chart...

[goodmast3r]

What is that pink and yellow line? What setting do you use for your MA?

[greencat]

Originally Posted by goodmast3r

What is that pink and yellow line? What setting do you use for your MA?

The EMA 3 and 34. The 15 minute chart becuse it can put me in a trade quicker than higher time frames. But I use higher time frames for verifation.

I am also using fibs to help me on entry an exits.

[vickie_262k6]

Whats SL we can Use ........really amazing strategy ,, but was wondering abt SL ..

[greencat]

Originally Posted by vickie_262k6

Whats SL we can Use ........really amazing strategy ,, but was wondering abt SL ..

That is up to you. I generally use a 10 point stop loss.

But another trick I employ is to look at the MACD on the 1 hour and 4 hour charts. If the 1 hour is going up I am more inclined to make my trades that way. If the 4 hour chart also has the MACD going up and not in overbought areas then my chances are better using this method going with the trend.

However, I do counter trade these charts. When I countertrade I am not looking for a lot of pips and my stop loss is going to be 10 points.